ROLFES HOLDINGS LIMITED - CHANGES TO THE BOARD AND GROUP APPOINTMENTS

CHANGES TO THE BOARD AND GROUP APPOINTMENTS

ROLFES HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/002715/06)
Share Code: RLF & ISIN: ZAE000159836
("Rolfes" or "the Company")


CHANGES TO THE BOARD AND GROUP APPOINTMENTS
Shareholders are advised that
  1. Ms Lizette Lynch has resigned as Chief Executive Officer (“CEO”) of
     the Company and as a director of the Company and its subsidiaries with
     immediate effect to pursue her own interests. The Board wishes her
     well in her future endeavours.

  2. Mr Richard Buttle (45) CA (SA), currently acting group Chief Financial
     Officer (“CFO”) since May 2017, has been appointed CEO of the Group
     with immediate effect. Richard was previously CFO of Metrofile
     Holdings Limited until the end of 2014 and engaged in numerous private
     ventures subsequently.

  3. The process to appoint a new permanent CFO has already commenced.
     Until this appointment has been made, Mr Richard Buttle will retain
     the role of acting group CFO whilst a suitable replacement is
     identified.

  4. Mr Craig Taylor, the founder and former CEO, of Bragan Chemicals before
     its acquisition by Rolfes in 2015, has been appointed Chairman of
     Bragan and will also provide consulting services to Bragan. The,
     renamed, Bragan Food Ingredients operations now constitute the Rolfes
     Food Division and is the largest division in the group.



Johannesburg
16 October 2017

Sponsor: Grindrod Bank Limited
Investor relations: Singular Systems

Date: 16/10/2017 07:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.